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Applied Industrial Technologies (AIT) Financials

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$309.71 +0.84 (+0.27%)
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Annual Income Statements for Applied Industrial Technologies

Annual Income Statements for Applied Industrial Technologies

This table shows Applied Industrial Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 115 30 134 142 144 24 145 257 347 386 393
Consolidated Net Income / (Loss)		 115 30 134 142 144 24 145 257 347 386 393
Net Income / (Loss) Continuing Operations		 115 30 134 142 144 24 145 257 347 386 393
Total Pre-Tax Income 		176 79 167 205 194 55 177 330 450 498 501
Total Operating Income		 185 90 175 226 234 89 205 358 473 496 499
Total Gross Profit		 770 707 738 884 1,008 938 936 1,107 1,287 1,337 1,383
Total Revenue		 2,752 2,519 2,594 3,073 3,473 3,246 3,236 3,811 4,413 4,479 4,563
Operating Revenue		 2,752 2,519 2,594 3,073 3,473 3,246 3,236 3,811 4,413 4,479 4,563
Total Cost of Revenue		 1,982 1,812 1,856 2,189 2,465 2,308 2,300 2,704 3,126 3,143 3,180
Operating Cost of Revenue		 1,982 1,812 1,856 2,189 2,465 2,308 2,300 2,704 3,126 3,143 3,180
Total Operating Expenses		 585 618 562 658 774 849 730 749 814 841 885
Selling, General & Admin Expense		 585 553 562 658 742 718 681 749 814 841 885
Total Other Income / (Expense), net		 -8.75 -11 -8.42 -21 -39 -34 -28 -28 -23 2.31 2.44
Interest Expense		 8.12 9.00 8.83 24 41 37 31 27 25 21 18
Interest & Investment Income		 0.25 0.24 0.29 0.66 0.60 0.73 0.22 0.52 3.15 18 18
Other Income / (Expense), net		 -0.88 -2.04 0.12 2.38 0.88 2.78 2.20 -1.81 -1.70 5.14 3.05
Income Tax Expense		 60 49 33 63 50 31 32 72 103 112 108
Basic Earnings per Share		 $2.82 $0.75 $3.43 $3.65 $3.72 $0.62 $3.73 $6.69 $8.98 $9.98 $10.26
Weighted Average Basic Shares Outstanding		 40.89M 39.25M 39.01M 38.75M 38.67M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M
Diluted Earnings per Share		 $2.80 $0.75 $3.40 $3.61 $3.68 $0.62 $3.68 $6.58 $8.84 $9.83 $10.12
Weighted Average Diluted Shares Outstanding		 40.89M 39.25M 39.01M 38.75M 38.67M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M
Weighted Average Basic & Diluted Shares Outstanding		 40.89M 39.25M 39.01M 38.75M 38.67M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M
Cash Dividends to Common per Share		 $1.04 $1.10 $1.14 $1.18 $1.22 $1.26 $1.30 $1.34 $1.38 $1.44 $1.66

Quarterly Income Statements for Applied Industrial Technologies

This table shows Applied Industrial Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 94 91 97 103 92 93 100 108 101 95 100
Consolidated Net Income / (Loss)		 94 91 97 103 92 93 100 108 101 95 100
Net Income / (Loss) Continuing Operations		 94 91 97 103 92 93 100 108 101 95 100
Total Pre-Tax Income 		119 116 123 141 116 123 127 135 129 123 135
Total Operating Income		 121 115 121 139 113 121 129 135 129 123 138
Total Gross Profit		 325 317 338 356 325 328 355 375 361 353 381
Total Revenue		 1,095 1,077 1,146 1,161 1,099 1,073 1,167 1,225 1,200 1,163 1,251
Operating Revenue		 1,095 1,077 1,146 1,161 1,099 1,073 1,167 1,225 1,200 1,163 1,251
Total Cost of Revenue		 770 760 808 804 774 745 811 850 838 810 871
Operating Cost of Revenue		 770 760 808 804 774 745 811 850 838 810 871
Total Operating Expenses		 204 202 217 217 212 207 226 240 232 230 243
Selling, General & Admin Expense		 204 202 217 217 212 207 226 240 232 230 243
Total Other Income / (Expense), net		 -1.75 1.01 1.46 1.59 2.91 1.69 -2.12 -0.04 -0.45 -0.44 -2.80
Interest Expense		 1.32 1.92 0.27 17 -0.63 -0.94 0.85 19 0.99 0.94 2.45
Other Income / (Expense), net		 -0.43 2.92 1.72 0.92 2.28 0.76 -1.27 1.28 0.55 0.51 -0.35
Income Tax Expense		 25 24 25 37 24 29 27 27 28 27 35
Basic Earnings per Share		 $2.42 $2.35 $2.51 $2.70 $2.40 $2.43 $2.60 $2.83 $2.67 $2.54 $2.68
Weighted Average Basic Shares Outstanding		 38.70M 38.74M 38.68M 38.36M 38.40M 38.43M 38.32M 37.75M 37.76M 37.60M 37.22M
Diluted Earnings per Share		 $2.39 $2.32 $2.48 $2.64 $2.36 $2.39 $2.57 $2.80 $2.63 $2.51 $2.65
Weighted Average Diluted Shares Outstanding		 39.31M 39.30M 39.25M 38.36M 38.94M 38.96M 38.85M 37.75M 38.27M 38.06M 37.68M
Weighted Average Basic & Diluted Shares Outstanding		 38.76M 38.67M 38.60M 38.36M 38.45M 38.38M 38.08M 37.75M 37.72M 37.30M 36.96M
Cash Dividends to Common per Share		 $0.35 $0.35 $0.37 - $0.37 $0.37 $0.46 - - $0.46 $0.51

Annual Cash Flow Statements for Applied Industrial Technologies

This table details how cash moves in and out of Applied Industrial Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Net Change in Cash & Equivalents		 -1.72 -9.61 45 -51 54 160 -11 -73 160 117 -72
Net Cash From Operating Activities		 157 162 165 147 181 297 242 188 344 371 492
Net Cash From Continuing Operating Activities		 157 162 165 147 181 297 242 188 344 371 492
Net Income / (Loss) Continuing Operations		 115 30 134 142 144 24 145 257 347 386 393
Consolidated Net Income / (Loss)		 115 30 134 142 144 24 145 257 347 386 393
Depreciation Expense		 17 16 15 18 20 21 21 22 22 23 25
Amortization Expense		 26 26 24 32 42 42 34 32 31 29 36
Non-Cash Adjustments To Reconcile Net Income		 5.09 74 5.82 8.43 45 136 35 13 19 11 18
Changes in Operating Assets and Liabilities, net		 -5.94 17 -15 -53 -70 74 6.38 -137 -75 -78 21
Net Cash From Investing Activities		 -174 -75 -17 -798 -55 -55 -45 -36 -61 -95 -319
Net Cash From Continuing Investing Activities		 -174 -75 -17 -798 -55 -55 -45 -36 -61 -95 -319
Purchase of Property, Plant & Equipment		 -15 -13 -17 -23 -19 -20 -16 -18 -26 -25 -27
Acquisitions		 -161 -63 -2.77 -776 -38 -37 -30 -6.96 -36 -72 -293
Sale of Property, Plant & Equipment		 1.93 0.60 2.92 0.98 1.00 1.95 1.15 1.11 1.43 0.58 1.84
Other Investing Activities, net		 - - 0.00 0.00 0.39 0.00 0.00 -12 0.00 0.97 0.00
Net Cash From Financing Activities		 22 -93 -103 600 -72 -78 -213 -223 -127 -156 -246
Net Cash From Continuing Financing Activities		 22 -93 -103 600 -72 -78 -213 -223 -127 -156 -246
Repayment of Debt		 -20 -118 -3.35 -110 9.88 -27 -109 -555 -69 -26 -26
Repurchase of Common Equity		 -77 -37 -8.24 -23 -11 0.00 -40 -14 -0.72 -73 -153
Payment of Dividends		 -43 -43 -45 -46 -47 -49 -51 -52 -53 -56 -64
Issuance of Debt		 170 125 -33 780 -20 0.00 0.00 411 0.00 0.41 0.00
Other Financing Activities, net		 -8.89 -19 -14 -1.54 -3.49 -2.28 -14 -13 -3.97 -1.68 -2.75
Effect of Exchange Rate Changes		 -7.33 -3.59 0.82 -0.59 0.11 -2.74 5.46 -2.15 3.32 -2.94 -0.23
Cash Interest Paid		 5.85 9.50 8.56 26 40 37 27 20 23 24 22
Cash Income Taxes Paid		 69 55 39 42 54 41 64 53 108 116 108

Quarterly Cash Flow Statements for Applied Industrial Technologies

This table details how cash moves in and out of Applied Industrial Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 16 52 44 4.08 78 -235 49 36 30 -13 -234
Net Cash From Operating Activities		 66 102 84 119 128 95 122 147 119 100 100
Net Cash From Continuing Operating Activities		 66 102 84 119 128 95 122 147 119 100 100
Net Income / (Loss) Continuing Operations		 94 91 97 103 92 93 100 108 101 95 100
Consolidated Net Income / (Loss)		 94 91 97 103 92 93 100 108 101 95 100
Depreciation Expense		 5.72 6.05 5.80 5.86 5.92 5.93 6.58 6.47 6.49 6.59 6.40
Amortization Expense		 7.39 7.26 6.95 7.32 7.60 7.57 10 10 10 10 9.88
Non-Cash Adjustments To Reconcile Net Income		 4.52 -0.17 3.77 3.31 5.57 3.49 1.93 7.36 2.41 13 13
Changes in Operating Assets and Liabilities, net		 -45 -2.61 -30 -0.75 17 -15 3.92 15 -0.58 -26 -29
Net Cash From Investing Activities		 -26 -5.18 -7.45 -57 -15 -268 -7.62 -28 -9.55 -5.82 -13
Net Cash From Continuing Investing Activities		 -26 -5.18 -7.45 -57 -15 -268 -7.62 -28 -9.55 -5.82 -13
Purchase of Property, Plant & Equipment		 -4.34 -5.52 -7.49 -7.51 -5.55 -5.20 -7.55 -8.89 -7.30 -6.28 -4.73
Acquisitions		 -21 - - -51 -10 -263 -0.17 -20 -2.28 -0.15 -9.00
Sale of Property, Plant & Equipment		 0.12 0.35 0.04 0.06 0.83 0.09 0.10 0.82 0.04 0.61 0.34
Net Cash From Financing Activities		 -22 -47 -32 -55 -34 -57 -66 -88 -79 -108 -320
Net Cash From Continuing Financing Activities		 -22 -47 -32 -55 -34 -57 -66 -88 -79 -108 -320
Repayment of Debt		 -0.62 -25 -0.06 -0.06 -1.27 -25 - - -1.21 -1.61 -0.18
Repurchase of Common Equity		 0.00 -11 -18 -45 -9.98 -20 -50 -73 -53 -90 -93
Payment of Dividends		 -14 -14 -14 -14 -14 -14 -18 -18 -17 -17 -19
Other Financing Activities, net		 -8.31 2.72 0.69 3.23 -8.58 2.34 1.34 2.15 -6.80 0.69 -0.94
Effect of Exchange Rate Changes		 -1.69 2.61 -1.12 -2.73 -0.58 -5.40 0.62 5.14 -0.91 1.92 -1.03

Annual Balance Sheets for Applied Industrial Technologies

This table presents Applied Industrial Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Total Assets		 1,433 1,312 1,388 2,286 2,332 2,284 2,272 2,453 2,743 2,952 3,176
Total Current Assets		 846 782 883 1,058 1,148 1,160 1,197 1,360 1,647 1,770 1,747
Cash & Equivalents		 69 60 105 54 108 269 258 184 344 461 388
Accounts Receivable		 376 348 391 549 541 450 516 656 708 725 770
Inventories, net		 362 338 345 422 448 389 363 450 501 488 505
Other Current Assets		 38 36 41 33 51 52 60 69 93 96 84
Plant, Property, & Equipment, net		 104 108 108 121 124 122 116 112 115 119 128
Total Noncurrent Assets		 482 423 397 1,106 1,059 1,002 960 981 981 1,063 1,300
Goodwill		 254 203 206 647 662 541 560 563 578 619 699
Intangible Assets		 199 191 164 436 369 343 280 251 236 246 349
Other Noncurrent Operating Assets		 18 17 27 24 28 118 120 167 168 198 252
Total Liabilities & Shareholders' Equity		 1,433 1,312 1,388 2,286 2,332 2,284 2,272 2,453 2,743 2,952 3,176
Total Liabilities		 691 654 642 1,471 1,435 1,440 1,339 1,303 1,285 1,263 1,331
Total Current Liabilities		 310 274 310 433 424 426 428 500 540 501 526
Short-Term Debt		 3.35 3.25 4.81 19 49 79 44 40 25 25 0.00
Accounts Payable		 180 149 181 257 237 186 208 259 302 267 280
Current Employee Benefit Liabilities		 64 57 59 73 68 62 78 91 99 93 100
Other Current Liabilities		 63 65 66 83 69 99 98 109 115 116 146
Total Noncurrent Liabilities		 381 380 333 1,038 1,011 1,014 912 804 745 762 805
Long-Term Debt		 318 325 287 945 909 855 785 649 597 572 572
Other Noncurrent Operating Liabilities		 44 34 29 94 102 159 127 154 148 190 233
Total Equity & Noncontrolling Interests		 741 658 745 815 897 844 933 1,149 1,458 1,689 1,845
Total Preferred & Common Equity		 741 658 745 815 897 844 933 1,149 1,458 1,689 1,845
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 741 658 745 815 897 844 933 1,149 1,458 1,705 1,845
Common Stock		 170 173 175 179 183 186 187 194 199 204 209
Retained Earnings		 970 945 1,034 1,130 1,229 1,201 1,294 1,500 1,793 2,122 2,448
Treasury Stock		 -338 -374 -381 -404 -415 -414 -456 -472 -478 -543 -721
Accumulated Other Comprehensive Income / (Loss)		 -60 -86 -82 -90 -100 -129 -93 -72 -55 -78 -92

Quarterly Balance Sheets for Applied Industrial Technologies

This table presents Applied Industrial Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 2,523 2,609 2,751 2,783 2,855 3,003 3,045 3,116 3,185 3,159 2,989
Total Current Assets		 1,422 1,507 1,644 1,682 1,768 1,810 1,615 1,691 1,765 1,748 1,581
Cash & Equivalents		 166 182 360 413 457 539 303 353 419 406 172
Accounts Receivable		 655 706 695 659 710 692 696 755 753 707 793
Inventories, net		 523 527 508 520 504 498 518 501 522 529 526
Other Current Assets		 79 92 81 90 97 82 97 83 71 107 90
Plant, Property, & Equipment, net		 113 217 114 114 115 119 125 127 130 130 128
Total Noncurrent Assets		 988 885 993 987 972 1,075 1,305 1,297 1,291 1,281 1,279
Goodwill		 572 577 586 589 589 624 686 694 700 701 705
Intangible Assets		 247 243 237 228 221 243 361 351 339 329 323
Other Noncurrent Operating Assets		 169 64 169 170 162 208 258 252 252 251 252
Total Liabilities & Shareholders' Equity		 2,523 2,609 2,751 2,783 2,855 3,003 3,045 3,116 3,185 3,159 2,989
Total Liabilities		 1,227 1,228 1,214 1,175 1,186 1,251 1,251 1,288 1,302 1,285 1,129
Total Current Liabilities		 447 481 467 449 468 478 429 474 498 475 537
Short-Term Debt		 25 25 25 25 25 25 0.00 0.00 - - 18
Accounts Payable		 250 276 260 254 271 265 241 282 277 258 303
Current Employee Benefit Liabilities		 74 81 62 73 75 70 75 82 73 84 89
Other Current Liabilities		 98 99 119 97 97 119 113 110 148 133 127
Total Noncurrent Liabilities		 780 747 748 726 718 773 822 814 804 809 592
Long-Term Debt		 624 597 597 572 572 572 572 572 572 572 347
Other Noncurrent Operating Liabilities		 156 150 151 154 146 201 249 242 232 237 245
Total Equity & Noncontrolling Interests		 1,296 1,381 1,536 1,608 1,669 1,752 1,794 1,827 1,884 1,874 1,860
Total Preferred & Common Equity		 1,296 1,381 1,536 1,608 1,669 1,752 1,794 1,827 1,884 1,874 1,860
Preferred Stock		 0.00 0.00 2.50 2.50 0.00 2.50 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,296 1,381 1,536 1,608 1,669 1,752 1,794 1,827 1,884 1,874 1,860
Common Stock		 195 196 196 199 201 201 204 207 208 210 212
Retained Earnings		 1,644 1,728 1,886 1,964 2,047 2,214 2,293 2,375 2,549 2,627 2,708
Treasury Stock		 -475 -477 -484 -495 -515 -577 -597 -647 -780 -870 -965
Accumulated Other Comprehensive Income / (Loss)		 -67 -66 -62 -60 -64 -87 -106 -107 -94 -92 -96

Annual Metrics And Ratios for Applied Industrial Technologies

This table displays calculated financial ratios and metrics derived from Applied Industrial Technologies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.86% -8.44% 2.95% 18.49% 13.00% -6.54% -0.30% 17.76% 15.80% 1.51% 1.88%
EBITDA Growth		 16.25% -42.82% 66.44% 29.22% 6.73% -47.94% 70.07% 55.86% 28.05% 5.49% 1.58%
EBIT Growth		 10.35% -52.25% 100.03% 30.03% 2.83% -60.89% 126.27% 71.46% 32.41% 6.26% 0.12%
NOPAT Growth		 8.70% -72.26% 318.35% 11.07% 10.80% -77.62% 333.65% 66.29% 30.58% 5.28% 1.85%
Net Income Growth		 2.36% -74.39% 352.75% 5.76% 1.67% -83.30% 502.10% 77.82% 34.70% 11.25% 1.87%
EPS Growth		 4.87% -73.21% 353.33% 6.18% 1.94% -83.15% 493.55% 78.80% 34.35% 11.20% 2.95%
Operating Cash Flow Growth		 42.59% 3.19% 1.61% -10.52% 22.60% 64.29% -18.54% -22.39% 83.38% 7.97% 32.58%
Free Cash Flow Firm Growth		 127.69% 256.63% 33.97% -572.31% 123.71% 83.32% -37.26% -26.08% 120.14% 4.44% -36.21%
Invested Capital Growth		 10.34% -6.75% 0.64% 85.08% 1.29% -13.62% -0.37% 10.05% 4.97% 5.13% 11.12%
Revenue Q/Q Growth		 0.84% -1.70% 1.86% 7.57% -0.43% -4.63% 5.57% 4.54% 2.24% 0.06% 1.42%
EBITDA Q/Q Growth		 1.49% -2.97% 2.62% 11.45% 0.19% -13.59% 13.65% 6.54% 3.98% 2.49% -0.08%
EBIT Q/Q Growth		 0.83% -4.59% 3.54% 11.03% 0.48% -20.83% 19.16% 7.60% 4.44% 2.77% -0.77%
NOPAT Q/Q Growth		 0.42% -6.00% 24.24% -4.95% -0.87% -22.40% 21.56% 8.05% 2.70% 1.78% 1.44%
Net Income Q/Q Growth		 -1.39% -6.27% 25.13% -8.17% -0.39% -28.99% 25.33% 8.36% 3.93% 3.01% 1.12%
EPS Q/Q Growth		 -1.06% -1.32% 24.54% -7.91% 0.00% -27.91% 24.32% 8.22% 4.00% 3.04% 1.61%
Operating Cash Flow Q/Q Growth		 49.39% -22.48% 10.32% 9.94% 2.27% 8.66% -26.87% 8.98% 57.95% -14.05% 5.99%
Free Cash Flow Firm Q/Q Growth		 113.55% -28.92% 13.87% 5.66% -3.54% 6.98% -34.19% 16.86% 70.06% -24.08% 27.11%
Invested Capital Q/Q Growth		 -7.28% -4.06% -2.93% -4.14% -3.88% -6.20% 1.37% 1.38% -4.63% 0.89% -0.91%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 27.98% 28.08% 28.44% 28.76% 29.02% 28.89% 28.91% 29.05% 29.16% 29.84% 30.31%
EBITDA Margin		 8.22% 5.13% 8.30% 9.05% 8.55% 4.76% 8.12% 10.75% 11.89% 12.35% 12.32%
Operating Margin		 6.71% 3.56% 6.76% 7.35% 6.73% 2.74% 6.35% 9.39% 10.72% 11.07% 10.92%
EBIT Margin		 6.68% 3.48% 6.77% 7.43% 6.76% 2.83% 6.42% 9.34% 10.68% 11.18% 10.99%
Profit (Net Income) Margin		 4.20% 1.17% 5.16% 4.61% 4.15% 0.74% 4.47% 6.76% 7.86% 8.61% 8.61%
Tax Burden Percent		 65.66% 37.45% 80.20% 69.18% 74.04% 43.53% 81.76% 78.05% 77.09% 77.44% 78.45%
Interest Burden Percent		 95.72% 90.01% 95.13% 89.71% 82.87% 60.19% 85.27% 92.62% 95.41% 99.43% 99.88%
Effective Tax Rate		 34.34% 62.55% 19.80% 30.82% 25.96% 56.47% 18.25% 21.95% 22.91% 22.56% 21.55%
Return on Invested Capital (ROIC)		 12.81% 3.50% 15.14% 11.76% 9.97% 2.38% 11.15% 17.69% 21.51% 21.56% 20.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.54% 1.95% 12.17% 9.10% 6.66% 0.44% 7.40% 13.62% 16.92% 22.42% 21.49%
Return on Net Nonoperating Assets (RNNOA)		 2.17% 0.72% 3.94% 6.39% 6.85% 0.38% 5.15% 7.04% 5.08% 2.95% 1.95%
Return on Equity (ROE)		 14.98% 4.23% 19.09% 18.15% 16.82% 2.76% 16.30% 24.73% 26.59% 24.51% 22.24%
Cash Return on Invested Capital (CROIC)		 2.98% 10.49% 14.51% -47.92% 8.70% 17.00% 11.53% 8.13% 16.66% 16.56% 9.77%
Operating Return on Assets (OROA)		 13.28% 6.39% 13.00% 12.42% 10.16% 3.98% 9.12% 15.07% 18.15% 17.59% 16.37%
Return on Assets (ROA)		 8.35% 2.16% 9.92% 7.71% 6.24% 1.04% 6.36% 10.90% 13.35% 13.55% 12.83%
Return on Common Equity (ROCE)		 14.98% 4.23% 19.09% 18.15% 16.82% 2.76% 16.30% 24.73% 26.59% 24.51% 22.45%
Return on Equity Simple (ROE_SIMPLE)		 15.58% 4.50% 17.97% 17.38% 16.05% 2.85% 15.52% 22.40% 23.77% 22.84% 0.00%
Net Operating Profit after Tax (NOPAT)		 121 34 141 156 173 39 168 279 365 384 391
NOPAT Margin		 4.41% 1.33% 5.42% 5.08% 4.98% 1.19% 5.19% 7.33% 8.27% 8.57% 8.57%
Net Nonoperating Expense Percent (NNEP)		 3.27% 1.56% 2.97% 2.66% 3.31% 1.94% 3.76% 4.07% 4.60% -0.86% -1.19%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 16.18%
Cost of Revenue to Revenue		 72.02% 71.92% 71.56% 71.24% 70.98% 71.11% 71.09% 70.95% 70.84% 70.16% 69.69%
SG&A Expenses to Revenue		 21.27% 21.94% 21.68% 21.42% 21.37% 22.11% 21.03% 19.66% 18.44% 18.77% 19.39%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 21.27% 24.52% 21.68% 21.42% 22.28% 26.15% 22.56% 19.66% 18.44% 18.77% 19.39%
Earnings before Interest and Taxes (EBIT)		 184 88 176 228 235 92 208 356 471 501 502
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 226 129 215 278 297 155 263 410 525 553 562
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.84 2.35 2.77 3.04 2.47 2.73 3.67 3.16 3.81 4.43 4.75
Price to Tangible Book Value (P/TBV)		 4.72 5.86 5.50 0.00 0.00 0.00 36.90 10.81 8.62 9.08 10.87
Price to Revenue (P/Rev)		 0.49 0.61 0.80 0.81 0.64 0.71 1.06 0.95 1.26 1.67 1.94
Price to Earnings (P/E)		 11.79 52.31 15.43 17.50 15.36 95.62 23.66 14.09 16.02 19.38 22.49
Dividend Yield		 3.07% 2.77% 2.15% 1.84% 2.13% 2.12% 1.47% 1.42% 0.96% 0.56% 0.72%
Earnings Yield		 8.48% 1.91% 6.48% 5.71% 6.51% 1.05% 4.23% 7.09% 6.24% 5.16% 4.45%
Enterprise Value to Invested Capital (EV/IC)		 1.62 1.96 2.42 1.96 1.75 1.96 2.66 2.50 3.36 4.17 4.45
Enterprise Value to Revenue (EV/Rev)		 0.59 0.72 0.87 1.10 0.88 0.91 1.23 1.08 1.32 1.70 1.98
Enterprise Value to EBITDA (EV/EBITDA)		 7.13 14.04 10.47 12.19 10.31 19.18 15.21 10.09 11.12 13.76 16.05
Enterprise Value to EBIT (EV/EBIT)		 8.78 20.69 12.83 14.85 13.05 32.30 19.24 11.61 12.37 15.19 17.99
Enterprise Value to NOPAT (EV/NOPAT)		 13.30 53.99 16.01 21.69 17.69 76.53 23.79 14.80 15.99 19.82 23.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.27 11.20 13.68 23.00 16.95 9.99 16.53 22.03 16.95 20.50 18.32
Enterprise Value to Free Cash Flow (EV/FCFF)		 57.18 18.05 16.71 0.00 20.29 10.71 23.02 32.21 20.65 25.80 47.94
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.43 0.50 0.39 1.18 1.07 1.11 0.89 0.60 0.43 0.35 0.31
Long-Term Debt to Equity		 0.43 0.49 0.38 1.16 1.01 1.01 0.84 0.56 0.41 0.34 0.31
Financial Leverage		 0.23 0.37 0.32 0.70 1.03 0.87 0.70 0.52 0.30 0.13 0.09
Leverage Ratio		 1.79 1.96 1.92 2.35 2.70 2.65 2.56 2.27 1.99 1.81 1.73
Compound Leverage Factor		 1.72 1.77 1.83 2.11 2.24 1.60 2.19 2.10 1.90 1.80 1.73
Debt to Total Capital		 30.22% 33.26% 28.12% 54.18% 51.64% 52.54% 47.04% 37.49% 29.90% 26.13% 23.68%
Short-Term Debt to Total Capital		 0.32% 0.33% 0.46% 1.08% 2.64% 4.42% 2.47% 2.18% 1.21% 1.10% 0.00%
Long-Term Debt to Total Capital		 29.90% 32.93% 27.66% 53.10% 49.00% 48.11% 44.57% 35.31% 28.69% 25.03% 23.68%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 69.78% 66.74% 71.88% 45.82% 48.36% 47.46% 52.96% 62.51% 70.10% 73.87% 77.00%
Debt to EBITDA		 1.42 2.54 1.36 3.47 3.23 6.04 3.15 1.68 1.19 1.08 1.02
Net Debt to EBITDA		 1.11 2.07 0.87 3.27 2.86 4.31 2.17 1.23 0.53 0.25 0.33
Long-Term Debt to EBITDA		 1.40 2.51 1.33 3.40 3.06 5.53 2.99 1.58 1.14 1.03 1.02
Debt to NOPAT		 2.65 9.75 2.07 6.17 5.53 24.11 4.93 2.47 1.71 1.56 1.46
Net Debt to NOPAT		 2.07 7.97 1.33 5.82 4.91 17.17 3.40 1.81 0.76 0.36 0.47
Long-Term Debt to NOPAT		 2.62 9.65 2.04 6.05 5.25 22.08 4.67 2.32 1.64 1.49 1.46
Altman Z-Score		 4.92 5.03 5.75 3.71 3.86 3.63 4.46 4.98 6.17 7.15 7.48
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.91%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.73 2.85 2.85 2.45 2.71 2.72 2.80 2.72 3.05 3.53 3.32
Quick Ratio		 1.44 1.49 1.60 1.39 1.53 1.69 1.81 1.68 1.95 2.37 2.20
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 28 101 135 -637 151 277 174 128 282 295 188
Operating Cash Flow to CapEx		 1,207.65% 1,293.32% 1,165.77% 661.98% 1,005.18% 1,633.26% 1,644.20% 1,102.25% 1,373.23% 1,529.12% 1,942.65%
Free Cash Flow to Firm to Interest Expense		 3.47 11.17 15.26 -26.37 3.70 7.42 5.63 4.79 11.39 14.36 10.33
Operating Cash Flow to Interest Expense		 19.33 17.99 18.64 6.10 4.43 7.96 7.85 7.00 13.88 18.08 27.03
Operating Cash Flow Less CapEx to Interest Expense		 17.73 16.60 17.04 5.18 3.99 7.48 7.37 6.37 12.86 16.90 25.64
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.99 1.84 1.92 1.67 1.50 1.41 1.42 1.61 1.70 1.57 1.49
Accounts Receivable Turnover		 7.32 6.96 7.02 6.54 6.37 6.55 6.70 6.50 6.47 6.25 6.11
Inventory Turnover		 5.68 5.17 5.43 5.71 5.67 5.52 6.12 6.66 6.57 6.35 6.40
Fixed Asset Turnover		 26.45 23.74 24.03 26.79 28.27 26.37 27.25 33.50 38.89 38.36 37.00
Accounts Payable Turnover		 11.25 11.04 11.28 10.01 9.98 10.90 11.66 11.56 11.14 11.05 11.63
Days Sales Outstanding (DSO)		 49.88 52.46 51.98 55.80 57.27 55.72 54.50 56.17 56.45 58.39 59.77
Days Inventory Outstanding (DIO)		 64.29 70.57 67.19 63.96 64.38 66.16 59.64 54.83 55.52 57.46 57.02
Days Payable Outstanding (DPO)		 32.44 33.07 32.37 36.47 36.59 33.49 31.29 31.56 32.76 33.02 31.39
Cash Conversion Cycle (CCC)		 81.74 89.95 86.81 83.29 85.06 88.39 82.84 79.43 79.21 82.83 85.39
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 993 926 932 1,725 1,747 1,509 1,503 1,654 1,736 1,825 2,028
Invested Capital Turnover		 2.91 2.63 2.79 2.31 2.00 1.99 2.15 2.41 2.60 2.52 2.37
Increase / (Decrease) in Invested Capital		 93 -67 5.90 793 22 -238 -5.60 151 82 89 203
Enterprise Value (EV)		 1,613 1,815 2,252 3,388 3,061 2,964 3,996 4,133 5,831 7,612 9,022
Market Capitalization		 1,361 1,547 2,066 2,479 2,212 2,299 3,425 3,628 5,553 7,475 8,838
Book Value per Share		 $18.46 $16.86 $19.09 $21.06 $23.24 $21.79 $24.00 $29.90 $37.73 $43.75 $48.86
Tangible Book Value per Share		 $7.17 $6.76 $9.62 ($6.92) ($3.47) ($1.04) $2.39 $8.73 $16.67 $21.33 $21.34
Total Capital		 1,062 986 1,037 1,779 1,855 1,777 1,761 1,839 2,081 2,286 2,417
Total Debt		 321 328 292 964 958 934 828 689 622 597 572
Total Long-Term Debt		 318 325 287 945 909 855 785 649 597 572 572
Net Debt		 252 268 187 910 850 665 571 505 278 137 184
Capital Expenditures (CapEx)		 13 13 14 22 18 18 15 17 25 24 25
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 470 451 473 591 665 544 555 716 788 833 833
Debt-free Net Working Capital (DFNWC)		 539 510 578 645 773 812 812 900 1,132 1,294 1,221
Net Working Capital (NWC)		 536 507 573 625 724 734 769 860 1,106 1,269 1,221
Net Nonoperating Expense (NNE)		 5.74 4.05 6.75 15 29 15 23 22 18 -1.79 -1.91
Net Nonoperating Obligations (NNO)		 252 268 187 910 850 665 571 505 278 137 184
Total Depreciation and Amortization (D&A)		 42 42 40 50 62 63 55 54 53 52 60
Debt-free, Cash-free Net Working Capital to Revenue		 17.07% 17.89% 18.22% 19.21% 19.15% 16.75% 17.14% 18.78% 17.85% 18.60% 18.25%
Debt-free Net Working Capital to Revenue		 19.60% 20.26% 22.27% 20.98% 22.27% 25.03% 25.11% 23.62% 25.64% 28.88% 26.76%
Net Working Capital to Revenue		 19.48% 20.13% 22.08% 20.35% 20.86% 22.61% 23.76% 22.57% 25.07% 28.33% 26.76%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.82 $0.75 $3.43 $3.65 $3.72 $0.62 $3.73 $6.69 $8.98 $9.98 $10.26
Adjusted Weighted Average Basic Shares Outstanding		 39.68M 39.06M 39.05M 38.72M 38.60M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M
Adjusted Diluted Earnings per Share		 $2.80 $0.75 $3.40 $3.61 $3.68 $0.62 $3.68 $6.58 $8.84 $9.83 $10.12
Adjusted Weighted Average Diluted Shares Outstanding		 39.68M 39.06M 39.05M 38.72M 38.60M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 39.68M 39.06M 39.05M 38.72M 38.60M 38.71M 38.52M 38.49M 38.66M 38.36M 37.75M
Normalized Net Operating Profit after Tax (NOPAT)		 121 108 141 156 196 154 208 279 365 384 391
Normalized NOPAT Margin		 4.41% 4.29% 5.42% 5.08% 5.66% 4.74% 6.44% 7.33% 8.27% 8.57% 8.57%
Pre Tax Income Margin		 6.39% 3.13% 6.44% 6.66% 5.60% 1.70% 5.47% 8.65% 10.19% 11.12% 10.98%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 22.63 9.74 19.87 9.45 5.75 2.46 6.74 13.29 19.02 24.38 27.54
NOPAT to Interest Expense		 14.93 3.73 15.93 6.47 4.24 1.04 5.45 10.43 14.71 18.69 21.47
EBIT Less CapEx to Interest Expense		 21.02 8.35 18.27 8.53 5.31 1.98 6.26 12.66 18.01 23.20 26.15
NOPAT Less CapEx to Interest Expense		 13.33 2.34 14.33 5.55 3.80 0.55 4.98 9.79 13.70 17.51 20.08
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 36.94% 146.50% 33.32% 32.38% 32.83% 203.28% 35.00% 20.13% 15.41% 14.49% 16.21%
Augmented Payout Ratio		 103.20% 273.17% 39.48% 48.46% 40.57% 203.28% 62.69% 25.48% 15.62% 33.51% 55.10%

Quarterly Metrics And Ratios for Applied Industrial Technologies

This table displays calculated financial ratios and metrics derived from Applied Industrial Technologies' official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 37,302,440.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 37,302,440.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.67
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.09% 1.59% 1.27% 0.22% 0.34% -0.39% 1.78% 5.52% 9.15% 8.39% 7.26%
EBITDA Growth		 12.34% 4.24% -3.28% 9.59% -3.29% 3.28% 6.82% -0.28% 13.41% 3.93% 6.15%
EBIT Growth		 13.95% 4.80% -3.25% 10.67% -3.99% 3.49% 4.23% -2.78% 12.23% 1.72% 7.37%
NOPAT Growth		 15.13% 5.49% -4.77% 7.22% -5.73% 1.74% 5.62% 5.42% 12.70% 4.01% 0.37%
Net Income Growth		 22.04% 13.39% 0.03% 12.23% -1.88% 2.26% 2.66% 4.20% 9.50% 2.21% -0.03%
EPS Growth		 21.32% 13.17% 0.40% 12.34% -1.26% 3.02% 3.63% 6.06% 11.44% 5.02% 3.11%
Operating Cash Flow Growth		 155.21% 61.83% 11.95% -33.74% 92.95% -6.51% 45.44% 23.33% -6.60% 4.75% -18.25%
Free Cash Flow Firm Growth		 122.27% 173.73% 221.70% 1.36% 272.13% -328.95% -226.72% -813.43% -263.49% 165.85% 169.85%
Invested Capital Growth		 4.33% 0.71% -0.62% 5.13% 0.73% 15.08% 13.12% 11.12% 12.51% -1.05% 0.33%
Revenue Q/Q Growth		 -5.43% -1.65% 6.43% 1.25% -5.32% -2.36% 8.74% 4.97% -2.06% -3.04% 7.60%
EBITDA Q/Q Growth		 -4.76% -1.90% 3.71% 13.09% -15.95% 4.76% 7.27% 5.58% -4.42% -3.99% 9.56%
EBIT Q/Q Growth		 -5.12% -2.27% 4.61% 14.10% -17.69% 5.35% 5.35% 6.42% -4.98% -4.53% 11.20%
NOPAT Q/Q Growth		 -0.24% -5.01% 6.22% 6.52% -12.28% 2.50% 10.28% 6.32% -6.22% -5.41% 6.42%
Net Income Q/Q Growth		 1.75% -2.77% 6.56% 6.45% -11.04% 1.33% 6.98% 8.05% -6.52% -5.41% 4.64%
EPS Q/Q Growth		 1.70% -2.93% 6.90% 6.45% -10.61% 1.27% 7.53% 8.95% -6.07% -4.56% 5.58%
Operating Cash Flow Q/Q Growth		 -63.20% 53.69% -17.26% 41.62% 7.14% -25.53% 28.71% 20.09% -18.86% -16.48% 0.45%
Free Cash Flow Firm Q/Q Growth		 56.76% 277.77% 37.92% -87.59% 475.51% -332.42% 23.66% 30.13% -31.88% 193.62% -19.03%
Invested Capital Q/Q Growth		 3.53% -0.31% 0.96% 0.89% -0.80% 13.89% -0.75% -0.91% 0.44% 0.17% 0.64%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 29.68% 29.44% 29.51% 30.69% 29.58% 30.57% 30.45% 30.60% 30.13% 30.38% 30.43%
EBITDA Margin		 12.18% 12.15% 11.84% 13.22% 11.74% 12.59% 12.42% 12.49% 12.19% 12.07% 12.29%
Operating Margin		 11.02% 10.64% 10.57% 12.01% 10.30% 11.26% 11.09% 11.03% 10.76% 10.59% 11.02%
EBIT Margin		 10.98% 10.91% 10.72% 12.08% 10.51% 11.34% 10.98% 11.13% 10.80% 10.64% 10.99%
Profit (Net Income) Margin		 8.57% 8.47% 8.48% 8.92% 8.38% 8.69% 8.55% 8.80% 8.40% 8.20% 7.97%
Tax Burden Percent		 78.89% 78.92% 79.25% 73.43% 79.31% 76.12% 78.41% 79.85% 78.40% 77.66% 73.83%
Interest Burden Percent		 98.90% 98.37% 99.78% 100.48% 100.54% 100.77% 99.33% 99.03% 99.23% 99.24% 98.22%
Effective Tax Rate		 21.11% 21.08% 20.75% 26.57% 20.69% 23.88% 21.59% 20.15% 21.60% 22.34% 26.17%
Return on Invested Capital (ROIC)		 21.95% 20.98% 20.67% 22.17% 20.29% 19.93% 20.29% 20.86% 20.44% 19.07% 19.20%
ROIC Less NNEP Spread (ROIC-NNEP)		 21.59% 21.22% 21.07% 22.74% 21.73% 20.50% 19.37% 20.84% 20.11% 18.91% 18.20%
Return on Net Nonoperating Assets (RNNOA)		 5.98% 4.88% 4.01% 3.00% 2.12% 2.73% 1.99% 1.89% 1.17% 2.24% 2.04%
Return on Equity (ROE)		 27.93% 25.86% 24.68% 25.17% 22.41% 22.66% 22.29% 22.75% 21.62% 21.31% 21.24%
Cash Return on Invested Capital (CROIC)		 17.20% 20.68% 21.41% 16.56% 20.26% 5.71% 7.68% 9.77% 9.14% 20.85% 19.50%
Operating Return on Assets (OROA)		 18.68% 18.35% 17.57% 19.01% 16.37% 17.42% 16.55% 16.58% 16.28% 16.30% 17.43%
Return on Assets (ROA)		 14.58% 14.25% 13.90% 14.03% 13.05% 13.37% 12.89% 13.11% 12.67% 12.56% 12.64%
Return on Common Equity (ROCE)		 27.93% 25.86% 24.68% 25.17% 22.41% 22.66% 22.29% 22.96% 21.62% 21.31% 21.24%
Return on Equity Simple (ROE_SIMPLE)		 23.68% 23.29% 22.44% 0.00% 21.92% 21.53% 21.27% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 95 90 96 102 90 92 101 108 101 96 102
NOPAT Margin		 8.69% 8.40% 8.38% 8.82% 8.17% 8.57% 8.70% 8.81% 8.43% 8.23% 8.14%
Net Nonoperating Expense Percent (NNEP)		 0.36% -0.24% -0.40% -0.56% -1.44% -0.57% 0.92% 0.02% 0.33% 0.16% 1.00%
Return On Investment Capital (ROIC_SIMPLE)		 - 4.10% - - - 3.89% 4.23% 4.46% 4.12% 3.91% 4.58%
Cost of Revenue to Revenue		 70.32% 70.56% 70.49% 69.31% 70.42% 69.43% 69.55% 69.40% 69.87% 69.62% 69.57%
SG&A Expenses to Revenue		 18.66% 18.80% 18.93% 18.69% 19.28% 19.31% 19.36% 19.57% 19.37% 19.79% 19.41%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 18.66% 18.80% 18.93% 18.69% 19.28% 19.31% 19.36% 19.57% 19.37% 19.79% 19.41%
Earnings before Interest and Taxes (EBIT)		 120 118 123 140 115 122 128 136 130 124 138
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 133 131 136 153 129 135 145 153 146 140 154
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.87 4.13 4.56 4.43 4.89 5.13 4.73 4.75 5.23 5.17 5.32
Price to Tangible Book Value (P/TBV)		 8.34 8.40 8.85 9.08 9.67 12.33 11.05 10.87 11.66 11.47 11.89
Price to Revenue (P/Rev)		 1.34 1.49 1.70 1.67 1.91 2.06 1.92 1.94 2.11 2.04 2.05
Price to Earnings (P/E)		 16.34 17.75 20.32 19.38 22.29 23.85 22.25 22.49 24.53 23.98 24.51
Dividend Yield		 0.90% 0.81% 0.54% 0.56% 0.50% 0.62% 0.70% 0.72% 0.67% 0.72% 0.71%
Earnings Yield		 6.12% 5.63% 4.92% 5.16% 4.49% 4.19% 4.49% 4.45% 4.08% 4.17% 4.08%
Enterprise Value to Invested Capital (EV/IC)		 3.45 3.81 4.28 4.17 4.76 4.59 4.33 4.45 4.91 4.83 4.91
Enterprise Value to Revenue (EV/Rev)		 1.40 1.53 1.73 1.70 1.92 2.12 1.97 1.98 2.15 2.07 2.09
Enterprise Value to EBITDA (EV/EBITDA)		 11.51 12.55 14.36 13.76 15.70 17.13 15.76 16.05 17.28 16.85 17.00
Enterprise Value to EBIT (EV/EBIT)		 12.77 13.90 15.90 15.19 17.37 18.94 17.54 17.99 19.41 19.03 19.14
Enterprise Value to NOPAT (EV/NOPAT)		 16.45 17.89 20.54 19.82 22.77 24.92 23.00 23.07 24.87 24.25 24.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.15 16.15 17.94 20.50 19.91 22.23 19.09 18.32 20.68 20.17 21.65
Enterprise Value to Free Cash Flow (EV/FCFF)		 20.50 18.50 19.95 25.80 23.58 86.15 59.90 47.94 56.88 23.03 25.24
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.41 0.37 0.36 0.35 0.34 0.32 0.31 0.31 0.30 0.31 0.20
Long-Term Debt to Equity		 0.39 0.36 0.34 0.34 0.33 0.32 0.31 0.31 0.30 0.31 0.19
Financial Leverage		 0.28 0.23 0.19 0.13 0.10 0.13 0.10 0.09 0.06 0.12 0.11
Leverage Ratio		 1.89 1.83 1.79 1.81 1.75 1.71 1.71 1.73 1.70 1.69 1.66
Compound Leverage Factor		 1.87 1.80 1.79 1.82 1.76 1.73 1.70 1.72 1.69 1.68 1.63
Debt to Total Capital		 28.82% 27.07% 26.34% 26.13% 25.42% 24.19% 23.85% 23.68% 23.30% 23.39% 16.42%
Short-Term Debt to Total Capital		 1.17% 1.14% 1.11% 1.10% 1.06% 0.00% 0.00% 0.00% 0.00% 0.00% 0.81%
Long-Term Debt to Total Capital		 27.66% 25.93% 25.24% 25.03% 24.36% 24.19% 23.85% 23.68% 23.30% 23.39% 15.61%
Preferred Equity to Total Capital		 0.12% 0.11% 0.00% 0.00% 0.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 71.18% 72.93% 73.66% 73.87% 74.58% 75.81% 76.15% 77.00% 76.70% 76.61% 83.58%
Debt to EBITDA		 1.15 1.10 1.11 1.08 1.09 1.03 1.02 1.02 0.99 0.98 0.62
Net Debt to EBITDA		 0.49 0.34 0.26 0.25 0.11 0.49 0.39 0.33 0.27 0.28 0.33
Long-Term Debt to EBITDA		 1.11 1.05 1.06 1.03 1.04 1.03 1.02 1.02 0.99 0.98 0.59
Debt to NOPAT		 1.65 1.56 1.58 1.56 1.58 1.51 1.48 1.46 1.42 1.41 0.90
Net Debt to NOPAT		 0.69 0.48 0.37 0.36 0.16 0.71 0.57 0.47 0.38 0.41 0.48
Long-Term Debt to NOPAT		 1.58 1.50 1.52 1.49 1.51 1.51 1.48 1.46 1.42 1.41 0.85
Altman Z-Score		 6.17 6.66 7.11 6.75 7.29 7.54 7.14 7.10 7.74 7.80 8.72
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.91% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.52 3.75 3.77 3.53 3.78 3.76 3.57 3.32 3.55 3.68 2.95
Quick Ratio		 2.26 2.39 2.49 2.37 2.57 2.33 2.34 2.20 2.35 2.34 1.80
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 21 78 107 13 77 -178 -136 -95 -125 117 95
Operating Cash Flow to CapEx		 1,570.05% 1,966.34% 1,130.40% 1,600.89% 2,707.65% 1,863.24% 1,643.89% 1,821.48% 1,642.13% 1,757.65% 2,280.41%
Free Cash Flow to Firm to Interest Expense		 15.61 40.60 405.04 0.78 0.00 0.00 -159.46 -5.02 -126.22 124.56 38.83
Operating Cash Flow to Interest Expense		 50.16 53.08 317.71 7.00 0.00 0.00 143.56 7.77 120.16 105.80 40.91
Operating Cash Flow Less CapEx to Interest Expense		 46.96 50.38 289.60 6.56 0.00 0.00 134.82 7.34 112.84 99.78 39.12
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.70 1.68 1.64 1.57 1.56 1.54 1.51 1.49 1.51 1.53 1.59
Accounts Receivable Turnover		 6.49 6.79 6.32 6.25 6.47 6.61 6.14 6.11 6.46 6.78 6.25
Inventory Turnover		 6.29 6.04 6.13 6.35 6.26 6.03 6.24 6.40 6.37 6.32 6.56
Fixed Asset Turnover		 39.65 39.40 26.91 38.36 38.52 37.47 37.13 37.00 37.52 37.31 37.94
Accounts Payable Turnover		 11.70 12.49 11.54 11.05 11.99 12.66 11.33 11.63 11.97 13.26 11.51
Days Sales Outstanding (DSO)		 56.20 53.73 57.72 58.39 56.44 55.23 59.42 59.77 56.54 53.86 58.37
Days Inventory Outstanding (DIO)		 57.98 60.46 59.58 57.46 58.30 60.51 58.48 57.02 57.33 57.74 55.64
Days Payable Outstanding (DPO)		 31.21 29.22 31.62 33.02 30.45 28.83 32.22 31.39 30.49 27.53 31.71
Cash Conversion Cycle (CCC)		 82.98 84.97 85.67 82.83 84.30 86.91 85.68 85.39 83.39 84.08 82.29
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,798 1,792 1,809 1,825 1,811 2,062 2,047 2,028 2,037 2,041 2,054
Invested Capital Turnover		 2.53 2.50 2.47 2.52 2.48 2.32 2.33 2.37 2.42 2.32 2.36
Increase / (Decrease) in Invested Capital		 75 13 -11 89 13 270 237 203 226 -22 6.83
Enterprise Value (EV)		 6,206 6,832 7,751 7,612 8,620 9,476 8,867 9,022 10,009 9,851 10,091
Market Capitalization		 5,942 6,646 7,610 7,475 8,559 9,207 8,648 8,838 9,855 9,685 9,897
Book Value per Share		 $39.74 $41.49 $43.16 $43.75 $45.68 $46.65 $47.62 $48.86 $49.90 $49.70 $49.86
Tangible Book Value per Share		 $18.43 $20.40 $22.23 $21.33 $23.07 $19.42 $20.39 $21.34 $22.38 $22.38 $22.31
Total Capital		 2,158 2,205 2,266 2,286 2,349 2,366 2,400 2,417 2,456 2,447 2,225
Total Debt		 622 597 597 597 597 572 572 572 572 572 365
Total Long-Term Debt		 597 572 572 572 572 572 572 572 572 572 347
Net Debt		 262 184 140 137 59 269 219 184 154 166 194
Capital Expenditures (CapEx)		 4.22 5.18 7.45 7.45 4.72 5.11 7.45 8.07 7.27 5.67 4.39
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 842 845 868 833 818 882 864 833 849 867 891
Debt-free Net Working Capital (DFNWC)		 1,203 1,258 1,324 1,294 1,356 1,185 1,217 1,221 1,268 1,273 1,063
Net Working Capital (NWC)		 1,178 1,233 1,299 1,269 1,331 1,185 1,217 1,221 1,268 1,273 1,045
Net Nonoperating Expense (NNE)		 1.38 -0.79 -1.16 -1.17 -2.31 -1.29 1.66 0.03 0.35 0.34 2.07
Net Nonoperating Obligations (NNO)		 262 184 140 137 59 269 219 184 154 166 194
Total Depreciation and Amortization (D&A)		 13 13 13 13 14 13 17 17 17 17 16
Debt-free, Cash-free Net Working Capital to Revenue		 18.95% 18.94% 19.39% 18.60% 18.24% 19.69% 19.21% 18.25% 18.20% 18.24% 18.41%
Debt-free Net Working Capital to Revenue		 27.06% 28.19% 29.58% 28.88% 30.25% 26.46% 27.05% 26.76% 27.18% 26.78% 21.96%
Net Working Capital to Revenue		 26.49% 27.63% 29.02% 28.33% 29.69% 26.46% 27.05% 26.76% 27.18% 26.78% 21.59%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.42 $2.35 $2.51 $2.70 $2.40 $2.43 $2.60 $2.83 $2.67 $2.54 $2.68
Adjusted Weighted Average Basic Shares Outstanding		 38.70M 38.74M 38.68M 38.36M 38.40M 38.43M 38.32M 37.75M 37.76M 37.60M 37.22M
Adjusted Diluted Earnings per Share		 $2.39 $2.32 $2.48 $2.64 $2.36 $2.39 $2.57 $2.80 $2.63 $2.51 $2.65
Adjusted Weighted Average Diluted Shares Outstanding		 39.31M 39.30M 39.25M 38.36M 38.94M 38.96M 38.85M 37.75M 38.27M 38.06M 37.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 38.76M 38.67M 38.60M 38.36M 38.45M 38.38M 38.08M 37.75M 37.72M 37.30M 36.96M
Normalized Net Operating Profit after Tax (NOPAT)		 95 90 96 102 90 92 101 108 101 96 102
Normalized NOPAT Margin		 8.69% 8.40% 8.38% 8.82% 8.17% 8.57% 8.70% 8.81% 8.43% 8.23% 8.14%
Pre Tax Income Margin		 10.86% 10.73% 10.70% 12.14% 10.56% 11.42% 10.91% 11.03% 10.72% 10.56% 10.80%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 91.10 61.30 463.89 8.23 0.00 0.00 150.22 7.21 130.49 131.33 56.22
NOPAT to Interest Expense		 72.13 47.17 362.49 6.00 0.00 0.00 118.95 5.70 101.87 101.58 41.62
EBIT Less CapEx to Interest Expense		 87.90 58.60 435.78 7.79 0.00 0.00 141.48 6.78 123.17 125.31 54.43
NOPAT Less CapEx to Interest Expense		 68.93 44.47 334.39 5.57 0.00 0.00 110.21 5.27 94.55 95.56 39.82
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 14.82% 14.51% 14.72% 14.49% 14.73% 14.81% 15.57% 16.21% 16.64% 17.32% 17.65%
Augmented Payout Ratio		 14.82% 17.36% 22.44% 33.51% 36.44% 38.85% 47.56% 55.10% 65.44% 83.24% 94.29%

Financials Breakdown Chart

Key Financial Trends

Applied Industrial Technologies (NYSE: AIT) has displayed several constructive trends across the last four years of quarterly data. Below are the key takeaways, organized to highlight positives first, then neutral items, and finally potential negatives.

  • Revenue trend: Quarterly operating revenue has generally trended higher, with Q2 2026 at $1.163B, up from about $1.07B in Q2 2025 and peaking around $1.225B in late‑2025, indicating solid top‑line momentum.
  • Profitability stability and growth: Net income from continuing operations rose across the period, with Q4 2025 at $107.8M and Q2 2026 at $95.3M, reflecting solid profitability alongside steady gross margins (gross margin frequently around 30%+ in several quarters).
  • Operating cash flow strength: Net cash from continuing operating activities has been consistently positive and in the high‑nine‑figure range in several quarters (for example, about $95–$150M across recent periods), supporting capex, dividends, and buybacks.
  • Free cash flow generation: With modest capital expenditures (PPE purchases typically in the low single‑digit tens of millions per quarter) and robust CFO, free cash flow has been regularly positive, helping fund returns to shareholders.
  • Shareholder returns: The company has actively returned capital via sizable share repurchases (e.g., approximately $90.2M in Q2 2026 and $73.0M in Q4 2025) along with a rising dividend per share (0.46 USD in most 2026 quarters vs 0.37 USD in earlier 2025 periods).
  • Liquidity and balance sheet strength: Cash & equivalents consistently near $400M+, with total current assets around $1.7B and total assets near $3.1B–$3.2B in recent periods. Working capital remains positive and provided liquidity for operations and capital returns.
  • Balance sheet leverage: Long‑term debt has been relatively stable (roughly $570M–$625M) with manageable interest expense, suggesting a conservative, stable capital structure and ample cushion to weather near‑term cycles.
  • Capex and acquisitions: Capital spending is modest and typically focused on maintaining assets rather than large growth projects; acquisitions have been small in the quarters shown, suggesting a lean approach to growth capex.
  • Operating‑working capital variability: Periods of negative changes in operating assets and liabilities (working capital outflows) have caused CFO fluctuations, though overall CFO remains strong in the longer term.
  • Dividend and buyback balance: While these returns are favorable for shareholders, they contribute to cash outflows in certain quarters and compete with cash for other uses during downturns or slower cycles.
  • Earnings per share variability: Margins and EPS have fluctuated quarter‑to‑quarter due to cost of revenue mix, SG&A, and tax nuances; however, the trend over four years shows an overall improvement in EPS and margins.
  • Growth cadence vs. macro cycle: The company exhibits steady profitability and cash generation, but the pace of multi‑year top‑line growth may depend on end‑market demand and competitive dynamics in industrial distribution.
05/11/26 09:49 AM ETAI Generated. May Contain Errors.

Applied Industrial Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Applied Industrial Technologies' fiscal year ends in June. Their fiscal year 2025 ended on June 30, 2025.

Applied Industrial Technologies' net income appears to be on an upward trend, with a most recent value of $392.99 million in 2025, rising from $115.48 million in 2015. The previous period was $385.76 million in 2024. See Applied Industrial Technologies' forecast for analyst expectations on what's next for the company.

Applied Industrial Technologies' total operating income in 2025 was $498.53 million, based on the following breakdown:
  • Total Gross Profit: $1.38 billion
  • Total Operating Expenses: $884.63 million

Over the last 10 years, Applied Industrial Technologies' total revenue changed from $2.75 billion in 2015 to $4.56 billion in 2025, a change of 65.8%.

Applied Industrial Technologies' total liabilities were at $1.33 billion at the end of 2025, a 5.4% increase from 2024, and a 92.6% increase since 2015.

In the past 10 years, Applied Industrial Technologies' cash and equivalents has ranged from $54.15 million in 2018 to $460.62 million in 2024, and is currently $388.42 million as of their latest financial filing in 2025.

Over the last 10 years, Applied Industrial Technologies' book value per share changed from 18.46 in 2015 to 48.86 in 2025, a change of 164.7%.


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Financial statements for NYSE:AIT last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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